22 Feb 2013 12:37
22 February 2013
Pacific Alliance China Land Limited
Share Purchase Program During Close Period
Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL) is due to enter a close period ahead of the publication of the Company's annual financial results for the year ending 31 December 2012. Pursuant to the Share Purchase Program announced on 22 November 2012, the Company has appointed Edmond de Rothschild Securities to manage an irrevocable, non-discretionary share buy-back program during the close period, at which time the Company and its directors will have no power to invoke any change to the share buy-back program and purchases will be executed at the sole discretion of Edmond de Rothschild Securities.
For more information, please contact:
MANAGER: Patrick Boot, Managing PartnerPacific Alliance Real Estate Limited15/F, AIA Central1 Connaught RoadCentral, Hong KongT: (852) 2918 0088F: (852) 2918 0881 pboot@pagasia.com
| LEGAL COUNSEL: Jon Lewis, General Counsel PAG 15/F, AIA Central 1 Connaught Road Central, Hong Kong T: (852) 2918 0088 F: (852) 2918 0881 jlewis@pagasia.com
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BROKER: Hiroshi Funaki Edmond de Rothschild Securities T: (44) 20 7845 5960 F: (44) 20 7845 5961 funds@lcfr.co.uk
| NOMINATED ADVISER: Philip Secrett Grant Thornton Corporate Finance T: (44) 20 7383 5100 Philip.J.Secrett@uk.gt.com |
MEDIA RELATIONS: Stephanie Barry PAG T: (852) 3719 3375 sbarry@pagasia.com
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About Pacific Alliance China Land Limited
Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$298.46 million as at 31 January 2013. PACL was admitted to trading on the AIM Market of the London Stock Exchange in November 2007. PACL is focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China.
For more information about PACL, please visit: www.pacl-fund.com
Pacific Alliance China Land Limited is a member of PAG (formerly known as Pacific Alliance Group), the Asian alternative investment fund management group. Founded in 2002, PAG is now one of the region's largest Asia-focused alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies.
PAG has a presence across Asia with over 320 staff working in the region.
For more information about PAG, please visit: www.pagasia.com